Qualcomm Rises 11.8% Premarket on New AI Data-Center Initiatives
QCOM•Qualcomm shares jumped 11.8% in premarket trading after the company unveiled AI data-center initiatives at its Investor Day, signaling expansion beyond smartphones. The surge led Qualcomm to rank among top tech winners alongside Micron’s nearly 20% gain on robust AI memory demand forecasts.
1. Premarket Trading Surge
By early Thursday, Qualcomm stock leapt 11.8% in premarket trading as technology futures climbed, with Nasdaq 100 futures up 2.1% and S&P 500 futures rising 0.7%. The move positioned Qualcomm alongside Micron, which surged nearly 20% after beating revenue and earnings forecasts on AI memory demand.
2. Investor Day AI Data-Center Initiatives
At its annual Investor Day, Qualcomm outlined a series of AI-focused data-center chip projects designed to diversify its business beyond smartphones. Executives highlighted long-term growth projections driven by enterprise and hyperscale customers, aiming to capture a larger share of rapidly expanding AI infrastructure spending.
